This has to be a scam of some sort, but i don’t even see how the people at the top are making money.

  • fubo@lemmy.world
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    1 year ago

    Yes, but this is just a scam. It’s about getting people to pay money for wisps of digital vapor.

    • STUPIDVIPGUY@lemmy.world
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      1 year ago

      it’s really not a scam because people know exactly what they’re buying, they just beleive in a crazy backwards concept

      • fubo@lemmy.world
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        1 year ago

        If I convince you to believe in a crazy backwards concept of magical water, and I use that to sell you homeopathic “medication” for your actual medical condition, I am still a scammer even if you believe in it.

        • STUPIDVIPGUY@lemmy.world
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          1 year ago

          But NFTs don’t lie about curing diseases, they claim to be a receipt to a code that’s associated with an image. Which is honestly what they are. The issue is that it’s extremely overvalued but there’s nothing legally fraudulent about that, just consumers who have overvalued a dumb concept. I hate them but I’m just saying it’s not technically a scam